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Oticon A/S

Public limited companyCVR 42334219SmørumActive

Oticon A/S is a public limited company, based in Smørum, active in manufacture of hearing aids and parts thereof, founded in 1957. Net profit fell 18% from 2024 to 2025, ending at DKK 1.7bn. Operations are spread over 8 production units in 6 towns. With 1,698 employees, the company is about 62 times larger than the industry median.

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Key figures · financial year 2025

RevenueDKK 7.6bn−0.9% vs. 2024
Net profitDKK 1.7bn−18.3% vs. 2024
EquityDKK 7.5bn+17.6% vs. 2024
Employees1,698latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 8% (2024 → 2025), to DKK 4.5bn.
  • Net profit fell 18% (2024 → 2025), to DKK 1.7bn.
  • Equity rose 18% (2024 → 2025), to DKK 7.5bn.

Employees

  • 29 more employees than a year earlier: 1,698 (07/2026) against 1,669 (07/2025).

Calculated from the latest two annual reports in sequence and from registrations in CVR. A figure that is missing in either year gives no line, and we derive no figures.

Financial statements

Financial years 2020–2025 · amounts in DKK thousand

Equity and net profit

DKK 0DKK 1bnDKK 2bnDKK 3bnDKK 4bnDKK 5bnDKK 6bnDKK 7bn202020212022202320242025
EquityNet profit
Financial figures for Oticon A/S
202020212022202320242025Change
Revenue3,689,2825,705,3295,765,8867,825,8027,675,2567,602,355−0.9%
Gross profit2,144,6813,721,1623,704,9294,871,0974,958,1314,540,307−8.4%
Operating profit (EBIT)306,2431,820,6061,826,4512,866,8382,915,0792,259,212−22.5%
Profit before tax157,8951,906,6921,971,6382,709,2152,920,9412,234,006−23.5%
Net profit165,4161,525,3191,370,5041,875,8472,126,2631,738,053−18.3%
Total assets6,183,3288,083,6807,853,5918,995,40510,022,44011,346,729+13.2%
Equity2,032,0963,205,8833,990,9395,053,8476,354,3017,470,698+17.6%
Liabilities4,021,1734,764,2963,760,3463,111,9152,822,6102,929,999+3.8%
Cash and cash equivalents270,13213,47210,1911,82512,1199,991−17.6%
Average number of employees1,3671,4621,4661,5181,5991,658+3.7%

Source: annual reports filed with the Danish Business Authority (XBRL). Figures for the company (not the group); change is the latest year against the year before. “–” means the figure is not stated in the annual report.

Download the figures as CSV · free with an account, amounts in whole DKK

DKK 0DKK 1bnDKK 2bnDKK 3bnDKK 4bnDKK 5bn202020212022202320242025
Gross profitMedian, the industry (8 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Profit for five years in a row

    Net result has been positive in 2021–2025.

    How is this calculated?

    Net result is positive in the five latest annual reports in a row.

The signals are rules applied to the figures in the annual reports. They are not an assessment or credit rating of the company. See Data and method.

Annual reports

6 financial years
Annual reports for Oticon A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202531/03/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202402/04/2025The companyPDF not statedXBRL
202301/01/2023 – 31/12/202303/04/2024The companyPDF not statedXBRL
202201/01/2022 – 31/12/202205/04/2023The companyPDFXBRL
202101/01/2021 – 31/12/202105/04/2022The companyPDFXBRL
202001/01/2020 – 31/12/202025/05/2021The companyPDFXBRL

The figures from all the annual reports are shown on this page. The documents themselves (PDF and XBRL, the machine-readable edition) are downloaded with a Pro account: sign in or create a free account, and then choose Pro. XBRL is the edition the figures on the page are read from.

Employees

monthly figures from CVR
02004006008001,0001,2001,4001,6001,80008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

8 companies in the database

Comparison with the other companies in manufacture of hearing aids and parts thereof based on the latest financial year.

Gross profitDKK 4.5bnNo. 1 of 8
Better than 100% of the companies in the industry
EquityDKK 7.5bnNo. 1 of 8
Better than 100% of the companies in the industry
Number of employees1,698No. 1 of 8
Better than 100% of the companies in the industry

Industry median: gross profit DKK 50.6m, net profit DKK 3.6m, equity DKK 47.7m, 28 employees.

Compared with similar companies

size, age and company form
Rank among similar companies
GroupGross profitEquity
Companies with 1,000 employees or more177 companies in the comparison
No. 17of 147
Better than 89%
No. 21of 177
Better than 89%
Companies that are at least 30 years old10,276 companies in the comparison
No. 18of 10,152
Better than 100%
No. 46of 10,275
Better than 100%
All companies of type A/S18,025 companies in the comparison
No. 30of 17,786
Better than 100%
No. 76of 18,024
Better than 100%

The rank is calculated among companies in the database with a figure for the latest financial year, and is shown only for groups of at least ten companies.

Compare with the industry

Manufacture of hearing aids and parts thereof
Gross profit
  1. Oticon A/SDKK 4.5bn
  2. Wsa A/SDKK 1.6bn
  3. WS Audiology A/SDKK 1.1bn
Net profit
  1. Oticon A/SDKK 1.7bn
  2. Wsa A/SDKK 4m
  3. WS Audiology A/SDKK 745m
Equity
  1. Oticon A/SDKK 7.5bn
  2. Wsa A/SDKK 1.2bn
  3. WS Audiology A/SDKK 4.5bn
Employees
  1. Oticon A/S1,698
  2. Wsa A/S28
  3. WS Audiology A/S905

Latest financial year per company. Choose up to three companies from the largest in the industry.

Owners and group

from the Public Ownership Register
Owners
Oticon A/S
Subsidiaries and ownership shares

Subsidiaries are shown only if they are in the database.

Management

7 active registrations

Executive management

Executive management at Oticon A/S
NameRoleAppointed
Søren NielsenCEO10/09/2008

Board of directors

Board of directors at Oticon A/S
NameRoleAppointed
Thomas DuerBoard member13/04/2011
Tine Rau SchiøttBoard member15/06/2016
René SchneiderChair of the board27/03/2017
Søren NielsenBoard member19/03/2019
Loc A HanDeputy board member24/03/2023
Anders Skjødt HebsgaardBoard member24/03/2023
Former management (55)
Former management at Oticon A/S
NameRoleAppointedResigned
Niels JacobsenCEO30/12/195710/09/2008
Torben Elof NielsenDirector30/12/195720/09/1988
Sven Folmer ThomsenChair of the board30/12/195711/05/1999
Frode Peter SlipsagerBoard member30/12/195710/05/1996
Henning Mønsted SørensenDirector30/12/195720/09/1988
Bent Johan SimonsenBoard member30/12/195720/09/1988
Bent Johan SimonsenDirector30/12/195720/09/1988
Bengt DanielsenBoard member30/12/195722/06/1988
Bengt DanielsenDirector30/12/195720/09/1988
Lars KolindCEO30/12/195712/05/1998
Palle RasmussenChair of the board30/12/195723/06/1992
Jens Peter Green JensenBoard member30/12/195720/06/1991
Lars KirkDeputy board member30/12/195720/06/1991
Birgit Heegaard PedersenBoard member30/12/195723/06/1992
Bente Marie MadsenBoard member30/12/195725/03/2003
Allan Sørrig DodtBoard member30/12/195731/12/1994
Arne Rosenberg JensenDeputy board member30/12/195701/08/1992
Alf Duch-PedersenBoard member30/12/195715/05/1997
Peter Johan MarkBoard member25/04/199510/05/1996
Jørgen MølvangDeputy chair25/04/199525/03/2004
Vivian Bunk OddershedeDeputy board member25/04/199511/05/1999
Jørgen Arne KornumBoard member25/04/199511/05/1999
Anders Jørn KnutsenBoard member15/05/199712/05/1998
Svend Børge Foged ThomsenDirector29/06/199819/03/2019
Steen BindslevDirector01/02/199931/12/2004
Niels BoserupDeputy chair11/05/199931/03/2008
Michael Pram RasmussenBoard member11/05/199910/09/2008
Stig Axel MikkelsenBoard member11/05/199929/03/2007
Peter Koberg VigsøDeputy board member11/05/199925/03/2003
Peter FinnerupDirector15/01/200015/06/2016
Nils Smedegaard AndersenBoard member25/03/200331/03/2008
Susanne FredsøBoard member25/03/200329/03/2007
Lars Nørby JohansenChair of the board25/03/200410/09/2008
Loc A HanDeputy board member29/03/200731/03/2008
Karin Vera UbbesenBoard member29/03/200709/04/2015
Ivan Harald Holger JørgensenBoard member29/03/200713/04/2011
Lene Saugbjerg LandboDeputy board member29/03/200713/04/2011
Peter Alexander FossDeputy chair31/03/200810/09/2008
Niels Bjørn ChristiansenBoard member31/03/200810/09/2008
Niels JacobsenChair of the board10/09/200827/03/2017
Mikael WorningDirector10/09/200815/06/2016
Svend Børge Foged ThomsenBoard member10/09/200815/06/2016
Stefan IngildsenBoard member10/09/200801/09/2015
Bo LittauDeputy board member13/04/201109/04/2015
René Damgaard PoulsenDeputy board member13/04/201109/04/2015
Lene Saugbjerg LandboBoard member15/04/201531/12/2018
Maria Kaas IshøyDeputy board member15/04/201529/03/2018
Bjarne KlemmensenDeputy board member15/04/201530/12/2018
René SchneiderBoard member01/09/201526/03/2017
Svend Børge Foged ThomsenBoard member27/03/201719/03/2019
Nikolaj Preben Hannibal KannikDeputy board member29/03/201819/03/2019
Bjarne KlemmensenBoard member31/12/201819/03/2019
Søren Dybdahl DantoftBoard member19/03/201924/03/2023
Pia Cecilie Kaas SperrildDeputy board member19/03/201924/03/2023
Anders Højsgaard ThomsenDeputy board member19/03/201924/03/2023

Signing rule: Selskabet tegnes af den administrerende direktør alene, af bestyrelsesformanden i forening med en direktør, eller af den samlede bestyrelse.

Address and production units

8 active production units

Kongebakken 9
2765 Smørum

Egedal Municipality · Postcode 2765

Other companies at the address (6)

Open in OpenStreetMap
Production units
Production unitAddressEmployeesP number
OTICON A/SKongebakken 9, 2765 Smørum1,5121003068770
DGS Denmark A/STempovej 15, 2750 Ballerup1451000897027
Demant Enterprise A/STempovej 15, 2750 Ballerup1211026999029
Eriksholm Research CentreRørtangvej 20, 3070 Snekkersten471003068794
Oticon A/SNiels Jernes Vej 10, 9220 Aalborg Øst61027097932
Oticon A/SAudiometer Alle 1, 5500 Middelfart51026536568
OTICON A/SSundbyvej 19, 1, 7752 Snedsted31024780917
Oticon A/SIndustriparken 27, 2750 Ballerup11026536584

Purpose

Selskabets formål er at drive international handel og industri

The purpose is quoted from the register in Danish.

Changes year by year

129 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20251 changeaccounts 1
  • Annual report for 2024 published
20242 changesaddress 1 · accounts 1
  • Moved to Kongebakken 9, 2765 Smørum
  • Annual report for 2023 published
20236 changesaccounts 1 · management 5
  • Annual report for 2022 published
  • Loc A Han appointed deputy board member
  • Anders Skjødt Hebsgaard appointed board member
  • Anders Højsgaard Thomsen stepped down as deputy board member
  • Pia Cecilie Kaas Sperrild stepped down as deputy board member
  • Søren Dybdahl Dantoft stepped down as board member
20222 changesaddress 1 · accounts 1
  • Moved to Kongebakken 9, 2765 Smørum
  • Annual report for 2021 published
20211 changeaccounts 1
  • Annual report for 2020 published
20198 changesmanagement 8
  • Søren Nielsen appointed board member
  • Anders Højsgaard Thomsen appointed deputy board member
  • Pia Cecilie Kaas Sperrild appointed deputy board member
  • Søren Dybdahl Dantoft appointed board member
  • Bjarne Klemmensen stepped down as board member
  • Nikolaj Preben Hannibal Kannik stepped down as deputy board member
  • Svend Børge Foged Thomsen stepped down as board member
  • Svend Børge Foged Thomsen stepped down as director
20185 changesmanagement 5
  • Bjarne Klemmensen appointed board member
  • Lene Saugbjerg Landbo stepped down as board member
  • Bjarne Klemmensen stepped down as deputy board member
  • Nikolaj Preben Hannibal Kannik appointed deputy board member
  • Maria Kaas Ishøy stepped down as deputy board member
20174 changesmanagement 4
  • Svend Børge Foged Thomsen appointed board member
  • René Schneider appointed chair of the board
  • Niels Jacobsen stepped down as chair of the board
  • René Schneider stepped down as board member
20164 changesmanagement 4
  • Tine Rau Schiøtt appointed board member
  • Mikael Worning stepped down as director
  • Svend Børge Foged Thomsen stepped down as board member
  • Peter Finnerup stepped down as director
20158 changesmanagement 8
  • René Schneider appointed board member
  • Stefan Ingildsen stepped down as board member
  • Bjarne Klemmensen appointed deputy board member
  • Maria Kaas Ishøy appointed deputy board member
  • Lene Saugbjerg Landbo appointed board member
  • René Damgaard Poulsen stepped down as deputy board member
  • Bo Littau stepped down as deputy board member
  • Karin Vera Ubbesen stepped down as board member
20115 changesmanagement 5
  • René Damgaard Poulsen appointed deputy board member
  • Thomas Duer appointed board member
  • Bo Littau appointed deputy board member
  • Lene Saugbjerg Landbo stepped down as deputy board member
  • Ivan Harald Holger Jørgensen stepped down as board member
20101 changemerger 1
  • Merger registered in CVR
200815 changesmanagement 15
  • Mikael Worning appointed director
  • Stefan Ingildsen appointed board member
  • Svend Børge Foged Thomsen appointed board member
  • Niels Jacobsen appointed chair of the board
  • Søren Nielsen appointed ceo
  • Peter Alexander Foss stepped down as deputy chair
  • Niels Bjørn Christiansen stepped down as board member
  • Lars Nørby Johansen stepped down as chair of the board
  • Michael Pram Rasmussen stepped down as board member
  • Niels Jacobsen stepped down as ceo
  • Peter Alexander Foss appointed deputy chair
  • Niels Bjørn Christiansen appointed board member
  • Loc A Han stepped down as deputy board member
  • Nils Smedegaard Andersen stepped down as board member
  • Niels Boserup stepped down as deputy chair
20077 changesmanagement 6 · address 1
  • Lene Saugbjerg Landbo appointed deputy board member
  • Ivan Harald Holger Jørgensen appointed board member
  • Loc A Han appointed deputy board member
  • Karin Vera Ubbesen appointed board member
  • Susanne Fredsø stepped down as board member
  • Stig Axel Mikkelsen stepped down as board member
  • Moved to Kongebakken 9, 2765 Smørum
20051 changeaddress 1
  • Moved to Kongebakken 9, 2765 Smørum
20043 changesmanagement 3
  • Steen Bindslev stepped down as director
  • Lars Nørby Johansen appointed chair of the board
  • Jørgen Mølvang stepped down as deputy chair
20034 changesmanagement 4
  • Susanne Fredsø appointed board member
  • Nils Smedegaard Andersen appointed board member
  • Peter Koberg Vigsø stepped down as deputy board member
  • Bente Marie Madsen stepped down as board member
20001 changemanagement 1
  • Peter Finnerup appointed director
19998 changesmanagement 8
  • Niels Boserup appointed deputy chair
  • Michael Pram Rasmussen appointed board member
  • Stig Axel Mikkelsen appointed board member
  • Peter Koberg Vigsø appointed deputy board member
  • Vivian Bunk Oddershede stepped down as deputy board member
  • Jørgen Arne Kornum stepped down as board member
  • Sven Folmer Thomsen stepped down as chair of the board
  • Steen Bindslev appointed director
19983 changesmanagement 3
  • Svend Børge Foged Thomsen appointed director
  • Anders Jørn Knutsen stepped down as board member
  • Lars Kolind stepped down as ceo
19972 changesmanagement 2
  • Anders Jørn Knutsen appointed board member
  • Alf Duch-Pedersen stepped down as board member
19962 changesmanagement 2
  • Peter Johan Mark stepped down as board member
  • Frode Peter Slipsager stepped down as board member
19954 changesmanagement 4
  • Peter Johan Mark appointed board member
  • Jørgen Mølvang appointed deputy chair
  • Vivian Bunk Oddershede appointed deputy board member
  • Jørgen Arne Kornum appointed board member
19941 changemanagement 1
  • Allan Sørrig Dodt stepped down as board member
19923 changesmanagement 3
  • Arne Rosenberg Jensen stepped down as deputy board member
  • Birgit Heegaard Pedersen stepped down as board member
  • Palle Rasmussen stepped down as chair of the board
19912 changesmanagement 2
  • Lars Kirk stepped down as deputy board member
  • Jens Peter Green Jensen stepped down as board member
19885 changesmanagement 4 · capital 1
  • Bent Johan Simonsen stepped down as director
  • Bent Johan Simonsen stepped down as board member
  • Henning Mønsted Sørensen stepped down as director
  • Torben Elof Nielsen stepped down as director
  • Share capital changed from 10,000,000 DKK to 22,000,000 DKK
19872 changesmerger 1 · name 1
  • Merger registered in CVR
  • Name changed from AKTIESELSKABET WILLIAM DEMANT to OTICON A/S
19831 changeownership 1
  • Demant A/S registered as owner (100%)
195717 changesfounded 1 · management 16
  • Registered as AKTIESELSKABET WILLIAM DEMANT
  • Bent Johan Simonsen appointed director
  • Bent Johan Simonsen appointed board member
  • Henning Mønsted Sørensen appointed director
  • Frode Peter Slipsager appointed board member
  • Sven Folmer Thomsen appointed chair of the board
  • Niels Jacobsen appointed ceo
  • Torben Elof Nielsen appointed director
  • Alf Duch-Pedersen appointed board member
  • Arne Rosenberg Jensen appointed deputy board member
  • Allan Sørrig Dodt appointed board member
  • Bente Marie Madsen appointed board member
  • Birgit Heegaard Pedersen appointed board member
  • Lars Kirk appointed deputy board member
  • Jens Peter Green Jensen appointed board member
  • Palle Rasmussen appointed chair of the board
  • Lars Kolind appointed ceo

Related companies

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Same people in management

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Source and updates

The information comes from the Danish Central Business Register (Danish Business Authority) and from annual reports filed with the Danish Business Authority. Last synchronised 23/10/2026.

View in CVRReport a correction